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Indian tycoon Agarwal seeks JVs for $15bn chip and display foray

Vedanta in talks with Japanese, South Korean and Taiwanese companies

Indian commodity tycoon Anil Agarwal is making a foray into building a tech supply chain in the country. (Source photos by AP and Getty Images) 

BENGALURU -- Indian natural resources conglomerate Vedanta Group, controlled by billionaire Anil Agarwal, is exploring joint ventures with Japanese, Taiwanese and South Korean companies as part of its $15 billion investment plan to start chip and display manufacturing in India, a senior executive in the group told Nikkei Asia.

Vedanta is in talks to set up JVs with companies including Japan's Sharp, South Korea's Samsung and LG and Taiwan's Innolux for display manufacturing. Foxconn and Taiwan Semiconductor Manufacturing Co. (TSMC) are among the potential partners for a chip manufacturing deal.

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